Ford Motor Co. (F) Stock Rating Upgraded by Vetr Inc.
Ford Motor Co. (NYSE:F) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday. The brokerage presently has a $13.77 target price on the auto manufacturer’s stock. Vetr‘s price objective would indicate a potential upside of 14.85% from the stock’s current price.
Several other analysts have also recently issued reports on F. Zacks Investment Research raised shares of Ford Motor from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Tuesday, June 21st. Tigress Financial reissued a “buy” rating on shares of Ford Motor in a research report on Tuesday, June 21st. Goldman Sachs Group Inc. set a $15.00 price target on shares of Ford Motor and gave the stock a “buy” rating in a research report on Thursday, July 7th. Rodman & Renshaw initiated coverage on shares of Ford Motor in a research report on Monday, July 18th. They set a “buy” rating on the stock. Finally, Barclays PLC reissued an “equal weight” rating and set a $13.00 price target (down previously from $14.00) on shares of Ford Motor in a research report on Tuesday, July 19th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Ford Motor currently has a consensus rating of “Hold” and an average target price of $14.06.
Ford Motor (NYSE:F) traded down 1.07% during midday trading on Tuesday, hitting $11.99. 40,053,504 shares of the company were exchanged. The stock has a market capitalization of $47.64 billion, a price-to-earnings ratio of 5.66 and a beta of 1.27. Ford Motor has a 1-year low of $11.02 and a 1-year high of $15.84. The stock has a 50 day moving average of $12.29 and a 200-day moving average of $12.88.
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Ford Motor (NYSE:F) last announced its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.08. The company had revenue of $39.50 million for the quarter, compared to analysts’ expectations of $36.29 billion. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $0.47 EPS. Equities analysts expect that Ford Motor will post $1.82 earnings per share for the current year.
In other news, insider Sankar S. Nair sold 82,000 shares of Ford Motor stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total transaction of $993,020.00. Following the completion of the transaction, the insider now owns 32,969 shares of the company’s stock, valued at approximately $399,254.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John C. Lechleiter purchased 5,000 shares of the business’s stock in a transaction dated Monday, August 8th. The shares were purchased at an average cost of $12.26 per share, with a total value of $61,300.00. Following the purchase, the director now directly owns 25,000 shares in the company, valued at $306,500. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mount Lucas Management LP increased its position in Ford Motor by 60.3% in the first quarter. Mount Lucas Management LP now owns 1,885,747 shares of the auto manufacturer’s stock valued at $25,458,000 after buying an additional 709,103 shares during the period. Adage Capital Partners GP L.L.C. increased its position in Ford Motor by 1.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 5,838,615 shares of the auto manufacturer’s stock valued at $78,821,000 after buying an additional 72,800 shares during the period. Legal & General Group Plc increased its position in Ford Motor by 3.3% in the first quarter. Legal & General Group Plc now owns 18,761,433 shares of the auto manufacturer’s stock valued at $253,250,000 after buying an additional 597,065 shares during the period. Natixis increased its position in Ford Motor by 1,101.7% in the first quarter. Natixis now owns 4,883,711 shares of the auto manufacturer’s stock valued at $65,930,000 after buying an additional 4,477,314 shares during the period. Finally, Nuveen Asset Management LLC increased its position in Ford Motor by 38.8% in the first quarter. Nuveen Asset Management LLC now owns 2,147,045 shares of the auto manufacturer’s stock valued at $28,986,000 after buying an additional 600,568 shares during the period. 56.05% of the stock is owned by institutional investors and hedge funds.
About Ford Motor
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
To view Vetr’s full report, visit Vetr’s official website.
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